United States Probing Possible Russian Involvement In Binance
The US Department of Justice (DOJ) is looking into Binance for yet another possible use of alleged criminal activity. This time, US authorities are investigating Russian involvement in the platform to avoid financial sanctions.
Russia has allegedly been moving money through Binance since being sanctioned in 2022 for invading Ukraine. Thus far, US authorities have been unable to determine whether Russia used the platform or if someone inside Binance assisted the country in evading sanctions. In this regard, the DOJ is conducting two investigations into the crypto company, one of which is being led by the criminal division.
The criminal investigation into the crypto exchange may result in the company and top executives being charged with anti-money laundering violations. The company is currently in discussions with the DOJ and US authorities to resolve these allegations, which include whether US adversaries are using it to avoid sanctions.
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